Horizon Technology Finance Leads $30MM Venture Loan for TemperPack - News

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Horizon Technology Finance Leads $30MM Venture Loan for TemperPack
May 11, 2021, 08:00 AM
Horizon Technology Finance led a $30 million venture loan facility to TemperPack Technologies, Inc., of which Horizon funded $7.5 million of the intial $15 million draw and an investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $7.5 million.
 
TemperPack manufactures sustainable insulated packaging for perishable last mile deliveries. Its customers include leading meal kit, frozen foods, and life science companies. TemperPack's flagship product is the ClimaCell® thermal liner, which provides a curbside recyclable alternative to expanded polystyrene foam, often known as Styrofoam®. Prominent investors in TemperPack include Revolution Growth, Wheatsheaf Group, SJF Ventures, Arborview Capital, and Harbert Growth Partners. TemperPack will use the loan proceeds for growth and general working capital purposes.

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